According to dictionary.com, affordable means, “believed to be within one’s financial means.” Obviously the politicians in Washington took this definition literally when they passed the Affordable Care Act.
According to an article in Forbes this past week, individual health insurance premiums will increase by an average of 41% across the country. Offering subsidies to a small subset of Americans to help offset substantially higher rates for everyone else doesn’t make sense. However by this definition, all they needed to do was to make health insurance within one’s financial means. And as of yesterday we know at least 5 have enrolled so far.
The Manhattan Institute put together an excellent interactive map that shows pre and post ObamaCare rates for each state:
There are winners and losers in ObamaCare.
Winners: unhealthy people that were forced into expensive state pool guaranteed issue health plans that can now get any plan they choose without proof of insurability
Winners: low wage earners that qualify for expanded Medicaid or a substantial premium subsidy (and actually make it through healthcare.gov)
Losers: everyone else
I guess it all depends on what your definition of the word “Affordable” is…